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20121106
20121106
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eagerly anticipating the outcome. it is not just folk here in the u.s. keeping a close eye on this election. many around the world are also concerned about the vote. a number of young chinese people appear to be more interested in the u.s. election than a leadership transition in china set to take place later this month. >> the asian party congress, we can only watch that as an audience. >> reporter: the next president and new congress will be tasked with making a decision about $600 billion in government spending cuts appear higher taxes. it could hurt next year's global output. >> the american economy has some positive aspects in the short term, the evolution of the labor market and the housing market. what happens in the united states will be fundamental. >> reporter: hugo chavez is also keeping watch but says no matter the outcome, it will do little to improve international relations. >> we do not have many hopes from our point of view that the winning of either one will have an impact on the relations with the world. >> reporter: both president obama and his republican
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